i. i m rosemary church. thanks for joining us. this is cnn newsroom. it is 9:00 a.m. in paris right now where the second full day of the cop 21 climate change summit will soon begin. 150 leaders from around the world are in the french capital. their goal is ambitious and historic, to produce the first ever legally binding universally ali applicable plan to fighting global warming. in 2009, attempting to reach a similar agreement failed, meaning all eyes will be on top 21 for a lasting solution. so we go to paris now where phil black joins us from the latest on the summit, the big question
where phil black joins us with the latest on the summit. it is 9:30 in the morning there in paris, phil, we have seen what has come out of the first day at the cop 21 summit. what can we expect from the second day as the leaders arrive and settle in? reporter: well, rosemary, one of the more interesting things i think will be taking place today been president obama moving, mingling with leaders of small island nations, leaders that feel that their existence is most threatened by the consequences of climate change, notably sea level rise, and these are countries who think the summit is not being ambitious enough. they think it s not going to be enough to ensure their continued existence. they think 1.5 degrees should be the appropriate goal here. but the reality is that even the
caliber kabul is, the threat was for a possible attack in the next 48 hours. earlier at the climate change summit, the french president said the stakes have never been higher to protect the future of the planet and the future of life. with the summit coming on the heals of the terror attacks in paris, they said both challenges must be addressed. i m not choosing between the fight against terrorism and the fight against global warming. these are two major global challenges we must overcome. because we must leave our children more than a world free of terror. all right. i want to go back to paris now
nations, some of the countries that are most vulnerable to climate change, and sea level rise. these countries believe that 2 degree increase in temperature is still far too much and still threatens their very existence. they re not happy with that as a target in and of itself. ultimately, it s a compromise, but hopefully the intention is it will be something that s strong enough to build on and make more ambitious over time in the future. yeah. there is certainly an incredible amount of optimism, and as you mentioned, the leaders will leave. it will be up to the officials to work on this from here on. of course, there s going to be this major challenge, this tussle between the developed world and the developing nations that are trying to strike some sort of balance between their need to grow industry and their economy, and cutting down carbon
emissions. talk to us about that challenge. reporter: that s always been, perhaps, the most divisive issue, in the ongoing climate talk process. this battle of wills between the developed world, wealthy companies that have become wealthy through burning fossil fuels, and those developing countries that haven t contributed to the problem. but still want the right to develop, grow their economy, improve their citizen s quality of life and so forth. a big part of this is negotiating a fund, about $100 billion a year. that s the goal, from to 20 20 that the wealthy countries will contribute in order to help poorer countries deal with the consequences of climate change. as i say, also help them develop and grow a low carbon economy that helps their people and improves their way of life.